24(1) 903522
C. Brown
(613) 957-209719(1)
January 18, 1991
Dear Sirs:
Re: Pre-judgement interest
In reply to your letter of December 11, 1990 this will confirm that the Department continues to be of the opinion that pre-judgement interest received by a former employee in wrongful dismissal cases will be excluded from a taxpayer's income. Accordingly, no withholding tax is required on this portion of the award.
We trust these comment will be of assistance.
Yours truly,
for Director Business and General Division Rulings Directorate Legislative and Intergovernmental Affairs Branch
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